M&A Deal Summary

TIDI Acquires Cenorin - AquaGuard Business

On July 29, 2021, TIDI acquired medical products company Cenorin - AquaGuard Business from Covalon for 38M CAD

Acquisition Highlights
  • This is TIDI’s 3rd transaction in the Medical Products sector.
  • This is TIDI’s 0th largest (disclosed) transaction.
  • This is TIDI’s 3rd transaction in the United States.
  • This is TIDI’s 1st transaction in Washington.

M&A Deal Summary
Date 2021-07-29
Target Cenorin - AquaGuard Business
Sector Medical Products
Buyer(s) TIDI
Sellers(s) Covalon
Deal Type Divestiture
Deal Value 38M CAD

Target

Cenorin - AquaGuard Business

Seattle, Washington, United States
website
Cenorin LLC - AquaGuard Business is a provider of products to patients with crucial moisture protection for wound, surgical, and vascular access sites throughout the body while showering. Cenorin LLC - AquaGuard Business is based in Seattle, Washington.

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Buyer(S) 1

Buyer

TIDI

Neenah, Wisconsin, United States

website

Category Company
Founded 1969
Sector Medical Products
DESCRIPTION

TIDI is a manufacturer, marketer, and distributor of a diversified portfolio of medical products focused on supporting caregivers and protecting patients. Based in Neenah, WI, the Company's broad product set is designed to help customers prevent "Never Events" (medical errors that should never occur), reduce costs, increase efficiencies, and drive better patient outcomes. TIDI Products was founded in 1969 and is based in Neenah, Wisconsin.

DEAL STATS #
Overall 3 of 3
Sector (Medical Products) 3 of 3
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-28 J.T. Posey

Arcadia, California, United States

J.T. Posey Co. is a manufacturer of falls management and patient safety products that provide a safer environment for both patients and caregivers.

Buy -

Seller(S) 1

SELLER

Covalon

Mississauga, Ontario, Canada

website

Category Company
Sector Medical Products
Revenue 18M CAD (2022)
DESCRIPTION

Covalon is a researcher, developer, and commercializes new healthcare technologies that help save lives around the world. Covalon's patented technologies, products, and services address the advanced healthcare needs of medical device companies, healthcare providers, and individual consumers. Covalon Technologies is based in Mississauga, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-20 Cenorin - AquaGuard Business

Seattle, Washington, United States

Cenorin LLC - AquaGuard Business is a provider of products to patients with crucial moisture protection for wound, surgical, and vascular access sites throughout the body while showering. Cenorin LLC - AquaGuard Business is based in Seattle, Washington.

Buy CA$17M
Mergr

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